Denmark’s housing market is increasingly divided, with Copenhagen experiencing a shortage of homes for sale while North and West Jutland see a surplus. This divergence is impacting price developments, with Copenhagen experiencing significant price increases and North Jutland seeing declines.

The supply of houses in the Copenhagen City region has fallen by 12 percent in the past year, while North Jutland and West Jutland have seen increases of seven and three percent, respectively. The number of apartments for sale in Copenhagen City has dropped by 23 percent, while West Jutland and North Jutland have seen increases of 26 and 14 percent, respectively.

This situation creates a seller’s market in Copenhagen, pushing prices up, while buyers in North and West Jutland have more options and sellers face greater competition. House prices in Copenhagen City have increased by 16 percent in the past year, while they have fallen by three percent in North Jutland. Apartment prices have increased by 17 percent in Copenhagen City and remain unchanged in North Jutland.

Analysts at Nordea Kredit anticipate that this trend will continue, with greater optimism for house price developments in and around Copenhagen.

The supply of summer houses is also still below pre-pandemic levels, although it has increased by just over 13 percent in the past year. There are currently 7,474 summer houses for sale, which is still only a little more than half of what was available a few years ago.